Family Ties and Strategic Shifts: LPL Financial Heralds New Independent Practices
_SAN DIEGO_’: In a compelling series of moves underscoring its appeal to seasoned financial advisors, LPL Financial LLC has recently announced the induction of several high-profile independent practices, cumulatively managing nearly $775 million in assets. This trend is perpetuated by a diverse set of financial advisors seeking the flexibility and comprehensive support that LPL’s broker-dealer, RIA, and custodial platforms provide.
The latest partnership to emerge is Countiss Wealth Management, launched by the father-daughter advisory duo, Dan Countiss and Olivia Countiss. Previously affiliated with Edward Jones, Dan and Olivia bring with them approximately $200 million in advisory, brokerage, and retirement plan assets. Olivia Countiss, who holds CEPA and AAMS credentials, along with her father, seeks to leverage LPL Financial’s robust infrastructure to better serve a sophisticated clientele.
Joining LPL allows us to operate with greater autonomy while accessing a vast array of resources tailored for our clients, said Olivia Countiss. It’s a perfect alignment of family values and business acumen under a supportive umbrella.
Just weeks prior, LPL Financial welcomed Stephen Shevlin and Jonathan Joelner, MBA, who parted ways with Stifel, Nicolaus, and Co. to establish 1818 Wealth Management. Managing an impressive $300 million, Shevlin and Joelner’s practice will benefit substantially from LPL’s expansive technological and operational support. This transition signals a strategic maneuver aimed at optimizing their client service capabilities without sacrificing the personal touch that independent operations afford.
We recognized that LPL’s scale and innovation are critical to our long-term goal of providing superior financial advisories, stated Stephen Shevlin. By going independent, we can now tailor strategies more precisely to meet client needs.
In another noteworthy development, LPL Financial brought on David Hilbig, CFP, previously associated with Corebridge Financial, which was once a subsidiary of AIG. Hilbig’s new venture, Lifetime Legacy Wealth Solutions, brings approximately $275 million in assets to the table. This move reaffirms the enduring trend of seasoned advisors seeking the freedom and advanced support systems that LPL Financial’s independent platforms promise.
Transitioning to LPL is a decisive step in honoring the legacy of trust and excellence our clients have come to expect, remarked David Hilbig. The autonomy coupled with LPL’s cutting-edge resources creates a perfect synergy for our growth trajectory.
These onboarding events exemplify a pivotal shift within the financial advisory industry, wherein more established advisors are favoring platforms like LPL to achieve greater independence and client-centric customization. The marriage of technical prowess and operational flexibility represents an intriguing frontier for advisory services in an increasingly complex financial landscape.
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